[cmptrnerd6]

It probably depends on the bank somewhat. My local community Bank in a small rural town won't have many, if any, million dollar home mortgages, maybe some of the farm or business loans are that large.

Also I hope you meant £1M is ~$25 M today and not £1 :D

[TheCoelacanth]

I don't think local community banks typically hold onto a lot of mortgages. They would originate the loans and then sell them to someone else.